Ademi LLP is investigating Equitable (NYSE: EQH) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Corebridge.
In the transaction, Equitable stockholders will 1.55516 shares of the new parent company in an all-stock merger valued at approximately $22 billion, based on closing stock prices as of March 25, 2026. Following the transaction’s completion, Corebridge shareholders will own approximately 51% of the combined company and Equitable shareholders will own approximately 49%.
Equitable insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Equitable by imposing a significant penalty if Equitable accepts a competing bid. We are investigating the conduct of the Equitable board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
Join this Action